The pound surged on currency markets tonight after MPs voted against a no-deal Brexit, making a delay more likely. Against the U.S. dollar the pound reached a peak of $1.33, up from $1.31 just hours earlier and marking a nine-month high. The currency surged as investors' fears of a chaotic no-deal exit diminished and the chance that Brexit could be cancelled altogether appeared to rise. EU leaders have warned that Britain will need a 'credible justification' to delay its departure from the union. Wednesday night's vote leaves the future of Brexit more uncertain than ever with just 16 days to go until the scheduled departure day.

Source: Daily Mail March 13, 2019 21:10 UTC